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6474 Towne Center LoopSouthaven, MS 38671

Prime MS Retail Center, 567K SF

Overview

Added:
Dec 11, 2024
Days on market:
116
Southaven Towne Center, located at 6474 Towne Center Loop, Southaven, MS 38671, presents a significant investment opportunity. This Class A, multi-tenant retail center boasts a total of 567,640 square feet across seven single-story buildings, encompassing 43 individual suites. Situated on a substantial 196-acre parcel, the property enjoys a highly visible location near Airways Blvd in Desoto County, Mississippi. The center's open-air design provides ample parking and convenient access for shoppers. Currently housing a diverse mix of retail and dining establishments, the property offers a strong existing tenant base. Its strategic location approximately six miles south of Memphis, Tennessee, ensures high traffic volume and exposure to a large consumer base. The property's size and diverse tenant mix make it an ideal investment for those seeking a stable, high-performing retail portfolio addition. The property is classified as a shopping center, restaurant, and office space, offering a variety of uses and income streams. This is a rare opportunity to acquire a substantial, well-established retail center in a thriving market. The property's scale and location provide significant potential for future growth and development.

Highlights

  • Southaven Towne Center enjoys a prime I-55 location in DeSoto County, benefiting from over 100,000 daily vehicles traveling between Memphis and Tunica, a major gaming destination.
  • DeSoto County is among the nation's 40 fastest-growing counties and Mississippi's fastest-growing.
  • DeSoto County's attractive tax structure (7% sales tax, low property taxes) fuels consistent growth and draws shoppers from Memphis and beyond.
  • DeSoto County boasts a highly-rated public school system, with approximately 70% of graduates pursuing higher education.
  • The trade area includes three major colleges/universities: University of Memphis at Southaven, University of Tennessee at Memphis, and Northwest Mississippi Community College.
  • Southaven is recognized as a "Top Small Market in the South" by Southern Business and Development Magazine.

Property Details for 6474 Towne Center Loop

Property type
Lifestyle centers, Power centers
RSF (Rentable sq. ft)
567,640 SF
Class
A
Buildings
7
Stories
1

Unit(s) available at that property

Space
Unit 1310
Size
7,020 SF
Space
Unit 1230
Size
1,600 SF

Location Insight

City
Southaven
County
Desoto
State
Mississippi
Latitude
34.9546922
Longitude
-89.9965079
6474 Towne Center Loop, Southaven, Mississippi

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6474 Towne Center Loop
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